Page 119 - Latest Updates on Reserve Bank of India
Explained: What are the tax implications of depositing Rs 2,000 notes?
Are you depositing Rs 2,000 notes in the bank? Will your deposits be monitored? Will you need to pay any tax on it? How can you avoid a tax notice on these deposits? Read to find the answer
 "Explained: What are the tax implications of depositing Rs 2,000 notes?")
Growth of bank credit to industry decelerates in April to 7%: RBI
Loan to agriculture and allied activities improved to 16.7 per cent (y-o-y) in April 2023 from 10.6 per cent a year ago
 "Growth of bank credit to industry decelerates in April to 7%: RBI")
High staff attrition a significant operational risk to banks: RBI Dy Guv
Outsourcing, lack of succession planning and staff skilling also areas of concern, Jain says
Top headlines: 41% of FAME II target met, cut in Byju's valuation and more
Business Standard brings you top news at this hour
 "Top headlines: 41% of FAME II target met, cut in Byju's valuation and more")
India's fiscal deficit target of 5.9% for FY24 at risk, warns Nomura
A notable increase in RBI's income, which was driven by profits from foreign exchange sales amounting to Rs 1 trillion, reflects active intervention in the foreign exchange market
 "India's fiscal deficit target of 5.9% for FY24 at risk, warns Nomura")
RBI working on portable payment system for transactions during tragic times
Keeping this objective in mind, RBI has conceptualised the LPSS that will be independent of conventional technologies and can be operated from anywhere by a bare minimum staff
 "RBI working on portable payment system for transactions during tragic times")
RBI's balance sheet grows 2.5% to Rs 63.45 trn in FY23 on higher income
The size of the Reserve Bank's balance sheet increased by 2.5 per cent for the year ended on March 31 to about Rs 63.45 trillion on higher income, as per the central bank's annual report
Domestic financial markets remained orderly in 2022-23: RBI report
Reserve Bank of India (RBI) has said that in 2022-23 the domestic financial market movements remained orderly, notwithstanding persisting impact of global spillovers during the year
 "Domestic financial markets remained orderly in 2022-23: RBI report")
Growth momentum to hold amid easing inflation, says RBI annual report
At the same time, India's growth momentum is likely to be sustained in FY24 in an atmosphere of easing inflationary pressures, the RBI said in its annual report for 2022-23, released on Tuesday
 "Growth momentum to hold amid easing inflation, says RBI annual report")
Despite challenges, India will be in advantageous position in 2023-24: RBI
Reserve Bank of India (RBI) has said that domestic economic activity does face challenges from an uninspiring global outlook going forward
A note on India's commemorative coins, what's in demand and how to buy
India has issued more than 150 sets of commemorative coins since 1964 that are sold by govt mints; the Rs 75 coin is the latest
 "A note on India's commemorative coins, what's in demand and how to buy")
India's growth momentum likely to be sustained in 2023-24: RBI report
On the back of sound macroeconomic policies and softer commodity prices, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures
Cosmos Coop Bank eyes more M&As in UCB space after Maratha Sahakari deal
Strategy forms part of lender's aim to expand its network to 200 branches
 "Cosmos Coop Bank eyes more M&As in UCB space after Maratha Sahakari deal")
ICICI to move ahead with its plan to increase 4% stake in Lombard business
In a similar move, The RBI had given the HDFC Bank the permission to increase its take in HDFC Life Insurance and HDFC Ergo General Insurance beyond 50 per cent
 "ICICI to move ahead with its plan to increase 4% stake in Lombard business")
Centre to launch Rs 75 coin to mark the opening of new Parliament building
Rs 75 coin: The face of the coin will bear the Lion Capitol of Ashoka Pillar in the centre with 'Satyameva Jayate' inscribed below it
 "Centre to launch Rs 75 coin to mark the opening of new Parliament building")
RBI deputy governor's post: Five bankers to face interview on June 1
RBI Deputy Governor M K Jain's term will end on June 21, 2023 after a five-year tenure
 "RBI deputy governor's post: Five bankers to face interview on June 1")
Restore transaction fee on RuPay cards: Banks request finance ministry
MDR is a fee charged to a merchant for the payment processing of debit and credit card transactions. It is also referred to as the transaction discount rate (TDR)
 "Restore transaction fee on RuPay cards: Banks request finance ministry")
Public sector banks' total dividend payout 58% higher than in FY22: Report
Three out of 12 PSBs namely SBI, Bank of Baroda, and Canara Bank, declared a three-digit dividend during the year
 "Public sector banks' total dividend payout 58% higher than in FY22: Report")
RBI may need to buy $18 bn of bonds to replenish banking liquidity: ICICI
India's central bank may buy as much as 1.5 trillion rupees ($18 billion) of government bonds to replenish banking liquidity that's expected to tighten later in the year, according to a top banker.
 "RBI may need to buy $18 bn of bonds to replenish banking liquidity: ICICI")
FDI inflows decline 16% to $71 billion for first time in a decade: RBI data
The net FDI also witnessed a decline of nearly 27 per cent to $28 billion in 2022-23 as against $38.6 billion a year ago
 "FDI inflows decline 16% to $71 billion for first time in a decade: RBI data")